He gets a lot of hate because he generally predicts the opposite of general market sentiment and is usually right.
He suggests that BTC still hasn't touched the bottom of his rising log arch, predicting a likely date of that happening to be on October 9th at ~$3000.
If that happens, not only would it fulfil the rising log arch, it would also fulfil the linear nature of Bitcoin , which everyone has temporarily forgotten, ignored, or failed to understand.
Good luck to all. Please give me us a follow or like.
We are in ABC EW correction after the fifth wave in 2017
SpartaBTC
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BTC fractal May-June 2018 and the situation is now.
In favor of the fall:
1) The growth of the market without corrections is observed since February.
2) 4 green candles in a row on the monthly chart.
3) Two unclosed gaps on SME
4) Futures expiration on May 31st.
5) RSI shows a bearish divergence.
The have a similar idea based on a XRP fractal but these are just fractals which reflect a certain sentiment. It is much easier these days to buy crypto and some big institutions will make this market move much faster, particularly when the halvening is not far away.
warrenhochfeld
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@Poukitoun, that could definitely happen. thank you for sharing!